Home Business NNPCL Blames Cooking Gas Shortage, Price Surge On PENGASSAN Strike
Business

NNPCL Blames Cooking Gas Shortage, Price Surge On PENGASSAN Strike

Share
Share

By: Chioma Madonna Ndukwu

 

NNPCL Blames Cooking Gas Shortage, Price Surge On PENGASSAN Strike

The Nigerian National Petroleum Company Limited (NNPCL) has attributed the recent scarcity of cooking gas and the accompanying rise in prices across the country to temporary disruptions caused by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) strike.

The Group Chief Executive Officer of NNPCL, Bayo Ojulari, disclosed this on Sunday while speaking with State House correspondents after a meeting with President Bola Tinubu in Abuja.

According to Ojulari, the industrial action, which halted loading and distribution activities for a few days, created an artificial shortage in the market and triggered panic buying.

“The increase you saw was relatively artificial because during the period of the strike, movement and loading were delayed by about two or three days,” Ojulari explained. “As things return to normal, it will take some time for distribution to stabilise.”

He added that some retailers exploited the shortfall to inflate prices, taking advantage of the temporary disruption in supply.

“You know how it happens here — once there’s a delay, people take advantage. But now that operations have resumed, prices should return to what they were before the strike,” he assured.

Cooking gas prices have climbed sharply in recent weeks, with many Nigerians paying between ₦2,500 and ₦3,000 per kilogramme, particularly in Lagos and other major cities.

Several gas plants and filling stations have run out of stock, forcing consumers to rely on roadside vendors selling at higher prices.

The scarcity followed PENGASSAN’s nationwide strike over the dismissal of Nigerian workers at the Dangote Refinery. The strike, which paralyzed key operations in the oil and gas sector, was suspended on October 1 after the Federal Government intervened.

Ojulari expressed optimism that prices would ease soon as supply chains recover and normal loading operations resume.

Nigeria’s cooking gas market has faced recurring volatility, often tied to supply bottlenecks, foreign exchange pressures, and labour unrest.

The recent PENGASSAN strike exposed the vulnerability of the domestic gas supply network, where even short-term disruptions quickly translate into widespread scarcity and inflated prices.

Energy experts have urged the government to expand domestic gas processing capacity, improve storage infrastructure, and strengthen labour relations within the petroleum industry to prevent similar crises in the future.

About The Author

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

LATEST POST

Politics

Adeleke Reaffirms Tinubu Support After Osun Victory, Calls President Son of Osun

Adeleke Reaffirms Tinubu Support After Osun Victory, Calls President Son of Osun Osun State Governor Ademola Adeleke has renewed his support for President...

Tech

Elon Musk’s Starlink Goes Live in Africa as Airtel Launches Direct-to-Phone Service in DRC

Elon Musk’s Starlink Goes Live in Africa as Airtel Launches Direct-to-Phone Service in DRC Elon Musk’s Starlink has made its commercial entry into...

Politics

Osun Election: Six LGAs Yet to Report as Governorship Results Roll In

Osun Election: Six LGAs Yet to Report as Governorship Results Roll In The collation of results from the Osun State governorship election has...

Politics

Osun Election: Davido Accuses Tinubu of ‘Killing Democracy’ Amid Security Tension

Osun Election: Davido Accuses Tinubu of ‘Killing Democracy’ Amid Security Tension Afrobeats star Davido has accused President Bola Ahmed Tinubu of undermining democracy...

Politics

Osun Poll: Security Operatives Nab Over 100 Alleged Imported Voters

Osun Poll: Security Operatives Nab Over 100 Alleged Imported Voters More than 100 people allegedly brought into Osun State to vote in Saturday’s...

Politics

Osun Election: Heavy Security, Early Queues as Voting Begins Across State

Osun Election: Heavy Security, Early Queues as Voting Begins Across State OSOGBO — Residents across Osun State have begun turning out to vote...

Africa

Africa’s Talking Drum: Ugochi and the Stranger Who Knew Her Father’s Name

By: Chioma Madonna Ndukwu Africa’s Talking Drum: Ugochi and the Stranger Who Knew Her Father’s Name Long before the roads of Umuaro became...

Travel

United Nigeria Airlines Crew Member Commended for Professionalism During Unruly Passenger Incident

United Nigeria Airlines Crew Member Commended for Professionalism During Unruly Passenger Incident A cabin crew member of United Nigeria Airlines, Miss Uche Francisca...

Sport

Nigerians Demand Super Falcons Overhaul After World Cup Exit

Nigerians Demand Super Falcons Overhaul After World Cup Exit Calls for major changes to Nigeria’s Super Falcons have intensified after the team lost...

Africa

Africa’s Talking Drum: Nwando Heard Her Name Inside the Empty Calabash

By: Chioma Madonna Ndukwu Africa’s Talking Drum: Nwando Heard Her Name Inside the Empty Calabash In the old village of Umueze, there lived...

AfricaPolitics

Lungu’s Shadow Looms Over Hichilema as Zambians Vote

Lungu’s Shadow Looms Over Hichilema as Zambians Vote Zambians are heading to the polls today in an election shaped by the political rivalry...

Related Articles

Volkswagen Moves to Cut Thousands of Jobs as Global Challenges Mount

Volkswagen Moves to Cut Thousands of Jobs as Global Challenges Mount Volkswagen...

Global Markets Rally as Trump Extends Iran Truce, Oil Hovers Near $100

By: Chioma Madonna Ndukwu Global Markets Rally as Trump Extends Iran Truce,...

61.7 Million Barrels: Nigeria Turns to U.S. Crude Amid Strong Oil Exports

By: Chioma Madonna Ndukwu   61.7 Million Barrels: Nigeria Turns to U.S....